Posts Tagged ‘Nightmare’

Real Estate in Colorado Springs – An Investor’s Nightmare or Dream Come True?

Tuesday, May 10th, 2011

Another category that Colorado Springs has been made mentioned in many times, is one of the best areas to purchase a home in the recovering housing market.

Positive rankings such as these make Colorado Springs an ideal place to live for many people. Due to factors such as tax rates, average home cost, home appreciation and other positive factors that affect the quality of life and cost of living in the City, the high rankings are valid.

However, even with such rave reviews, some people are beginning to cast doubt on the market’s long term viability due to the fact that the data is not holding up to expectations. For example, AOL Real Estate (March 31, 2011) has stated that Colorado Springs houses now reached 150,894 that have depreciated by 4.7% over the previous year. The most up to date reports have found that over 4,300 homes are up for sale in the City and the trend from May 2010 to now is only climbing upwards.

Colorado Spring’s 2011 real estate market has been seriously affected by the deficiency as it relates to a Federal New Homebuyers Tax Credit. Since the federal tax credit was extended until April 2010, it resulted in an influx of activity during the typical inactive months of January to March. The imminent result is an identified “double dip” in the 2011 real estate market. This of course will lead to a year by year comparison that is not truly tell-tale.

Even with this crisis happening, Colorado Springs, when compared to other parts of the country, is doing well. Forbes magazine recently named it number 6 out of 10 for “America’s Best Housing Markets for Investors”. So, if you are thinking about selling or investing, you can still have an air of optimistic expectation due to the positive indicator for long-term home prices.

This list put together by Forbes is based on market study by a real estate research firm. It was calculated on the community’s home prices during the economic crisis and it factored in issues such as employment growth and population. It was forecasted that the area’s prices would stay flat over the upcoming years but that home values would eventually rise due to a recent enlargement in population.

While real estate owners should feel pride about this ranking, the fact remains that it may or may not give life to home buying again. While nothing is assured, it must help somehow by having positive exposure in a nationally acclaimed magazine. Also, the Colorado Springs real estate market is influenced by other factors such as good schools, breathtaking surroundings and quality of life. These factors alone are great enough to make people want to live in the Springs.

How to Sell Your House Fast: The Realtors Take

Tuesday, April 7th, 2009

A house seller’s toughest nightmare could be selling to a buyer who vanishes enigmatically at some point in the process of making the deal or during the transaction. Typically when a real property dealings falls apart it is due to some good reason, and not owed to the buyers’ whim. Usual problems call for property reviews, inspections and funding. Although frustrating as it seemed to be, the damage is generally minimal especially when a transaction comes apart ahead of time. But with an estimable team of real estate pros on your side, a lot of the problematic issues that turn out during a transaction or deals can be settled. Some realtors can buy your house as-is and give you the same amount that you would definitely net if you sell the house the traditional way with a Realtor. The qualified, knowledgeable, and trusted realtors can absolutely give you a hassle-free home selling experience.

The most usual ground why real estate transactions collapse is inspections. In this case buyers ought to include a review contingency in any property purchase agreement. A home inspection will disclose and reveal the material facts and possibly a few property defects. The fact is that even brand new houses can have issues which may not come across with the buyer’s expectations. Whenever defects are detected that the buyer can’t take on, and that the sellers are unable to renovate, probably the transaction can go off if other matters can’t be negotiated to compensate

Realtors suppose that listing a house for sale at a cost more than a couple of percentage points higher than other latest sales in the neighbourhood is among the biggest reasons why some properties do not sell. If you have a house for sale in Colorado Springs for instance, you need to determine the home rating in your area for houses similar to yours for you to examine what the market is like. Keep in mind that location is a vital factor in pricing. That is, owning the nicest and most captivating house in the neighbourhood may sense good to you as an owner, however it is not plausible to let you arrive at a much better asking or selling price.

When you are getting your house gear up to sell, focus on making repairs and not on improvements. Yet even the most valuable changes will only ruminate about ninety percent of your investment in the selling price increase. Rather than adding a bedroom or a bathroom, you can invest in a fresh and new coat of paint for all rooms, or you can replace a worn out carpet. Smarten up the exterior as well. Remember that the first impression that your house makes is most likely to be the most lasting one. And if you can’t fund the necessary improvements then it is much reasonable to find a realtor that takes action, someone who can make the deal go through quickly and who have the resources and funding available to make it happen.

Louis Batides is one of a group of real estate investors who buy houses from people and help people in selling Colorado houses. He and his team make sure that you get a fair deal in selling your Colorado house fast, whether in cash or terms. Since he and his group do not consider themselves as Realtors, they do not ask for commissions or fees and they can work in all types of mortgages.